Adani Green Energy (AGEL), the renewable energy arm of the Adani Group, said on Monday that it has completed the acquisition of SB Energy India, which houses 4,954 megawatt (MW) of renewable energy projects across the...
NCLAT dismisses GAIL’s plea against Alok Ind resolution plan
The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed GAIL India’s plea challenging the NCLT’s March 8, 2019 order that approved the insolvency resolution plan of Alok Industries, which has now been...
Ventureland Asia acquires the controlling stake in MW.Com India
Mumbai-based venture capital company, Ventureland Asia Advisory Services, has acquired the controlling stake in MW.Com India Pvt Ltd, the publisher of magazines such as Rolling Stone India and MW (Man’s World). MW.Com...
Fitch says BPCL privatisation may get delayed
Fitch Ratings on Monday said uncertainty over the bidder consortiums and process complexity, including valuation, may lead to potential delays in privatisation of India’s second-largest fuel retailer, Bharat Petroleum...
No takers for Videocon’s energy biz; September 30 new deadline for resolution
A consortium of lenders is yet to receive any bids for the sale of debt-laden Videocon group’s energy business, even though a couple of firms had expressed interest earlier. Following this, the Committee of Creditors...
Supreme Court agrees to Future’s early hearing pleas on Delhi HC order against Reliance Retail merger
The Supreme Court on Friday agreed to an early hearing of the Future Group’s appeals against the Delhi High Court’s single judge’s orders. The HC had restrained Future Group from going ahead with the Rs 24,713-crore...
Global oil majors may be joining race for BPCL: Document
Global oil majors may be teaming up with investment funds that are already in the race to acquire Bharat Petroleum Corporation Ltd (BPCL), a document detailing steps needed to complete India’s biggest privatisation...
Strategic sale of Neelachal Ispat Nigam likely in two months
The Centre is aiming to complete strategic disinvestment of 100% stake in Odisha-based Neelachal Ispat Nigam (NINL), jointly owned by four central PSUs and two Odisha government PSUs, in a couple of months, sources told...
KPMG to advise govt on IDBI Bank sale, expression of interest in October
The government has appointed KPMG India as the transaction adviser for strategic disinvestment of its 45.48% stake in IDBI Bank. It would seek expression of interest (EoI) from potential buyers in October, in line with...
Insolvency and Bankruptcy Code: Peer economies should be our benchmark, says Jayant Sinha
India needs to benchmark its recovery from the resolution of insolvent firms against that of peer economies, and not against the low liquidation value of the toxic assets, Jayant Sinha, chairman of the Parliamentary...
Bank privatisation inches ahead; Cabinet Secy-led panel brainstorm regulatory issues on disinvestment
Inching a step closer to privatisation of two public sector banks, a high-level panel headed by the cabinet secretary recently held a meeting to thrash out various regulatory and administrative issues so that the...
DHFL retail investor moves NCLAT against delisting of shares
A retail investor of Dewan Housing Finance Corporation (DHFL) has filed an appeal at National Company Law Appellate Tribunal (NCLAT) against delisting of the mortgage lender’s shares from exchanges. In his plea filed on...
